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...reconstructed events of the key month of February to show how half a dozen Clinton aides, including those closest to the President and his wife, pressed officials at the Treasury Department and the Resolution Trust Corporation earlier this year to maintain or wrest control of the RTC's probe of Madison Guaranty, a failed Arkansas savings and loan linked to the Clintons...

Author: /time Magazine | Title: Culture of Deception | 8/15/1994 | See Source »

...Nussbaum called Hanson again, this time with a new idea: Isn't it true, he asked, that the RTC could transfer its civil probe of Madison into the hands of special prosecutor Fiske, who had been chosen two weeks earlier by Reno to launch the criminal inquiry into Whitewater? If so, Nussbaum told Hanson, she might want to inform Altman, still fully in charge of the Madison case, that such a transfer was possible under Fiske's charter. (Under oath, Nussbaum recalled suggesting this to Hanson, but insisted that he did so to help Altman get out of his conflict...

Author: /time Magazine | Title: Culture of Deception | 8/15/1994 | See Source »

...days of maneuvering by sundry officials, White House Deputy Chief of Staff Harold Ickes forwarded a memorandum to the First Lady that sheds light on a central question of the Whitewater affair: What deep, dark secret would compel so many senior Administration officials to attempt intervention in a probe that should have been immune from politics? The memo, written by White House associate counsel Neil Eggleston, warned that the RTC could sue "the President and Mrs. Clinton" if Clinton's 1984 campaign "knowingly received diverted Madison assets" or if "the Clintons knowingly received other diverted Madison Guaranty assets through Whitewater...

Author: /time Magazine | Title: Culture of Deception | 8/15/1994 | See Source »

Like so much else about the Clinton operation, the February effort to steer the RTC probe was informal, haphazard and sometimes desperate. It appeared to accelerate every time Altman, who oversaw the RTC, tried to remove himself from management of the Madison probe. The key events...

Author: /time Magazine | Title: Culture of Deception | 8/15/1994 | See Source »

...Hanson said, Ickes pronounced this good. "If it gets out," she recalled him saying, "it will look bad." (Testifying under oath, Ickes could not recall saying this.) Later in the day, Altman told Hanson to tell Kulka to brief the Clintons' private attorney, David Kendall, on the RTC's probe. Kulka refused. Sometime that day, Nussbaum called Hanson and asked why Kulka's hiring had not been cleared with...

Author: /time Magazine | Title: Culture of Deception | 8/15/1994 | See Source »

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